Schweser: Dividends are translated at the rate that applied when they were paid.
CFAI: Dividends are translated at the rate that applied when they were declared.
Statement the same or different?
"Paid" and "declared" are totally different dates.作者: RepoToronto 时间: 2011-7-13 16:28
I guess the statements are different. Have never seen that distinction before in a question. Point is usually to use the historical rate for dividends rather then avg or current.作者: mengxu 时间: 2011-7-13 16:28
It should be paid date. Where did you find this in CFAI?作者: zhaoyp 时间: 2011-7-13 16:28
idreesz Wrote:
-------------------------------------------------------
> It should be paid date. Where did you find this in
> CFAI?
The date declared and date paid will be obviously different but the difference in time should not be enormous, at least for testing purposes.作者: yalo 时间: 2011-7-13 16:28
It has to be declared.
If it is based on paid, then they are no longer on your books. It only matters if dividends are a liability for you.作者: giorgio10 时间: 2011-7-13 16:28
and they are talking about the currency exchange rate as of that day -- that is all the date is helping decide!
so "declared" it has to be.
CP作者: kkn006 时间: 2011-7-13 16:28
I've never even had to translate at dividend on a question, but if I did I would translate at the historical rate
